In this episode of Money, She Talked, Marika Franceschi, Partner MacRoberts LLP joins Tilney’s financial planner Taina Moran, as they explain the often-overwhelming process of untangling finances during divorce. A supportive team of both lawyers and financial planners, with a joint approach, can help achieve the best outcome for all parties involved in what is typically a traumatic time for families.
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Highlights of this episode
1:23 – Knowing your options: feeling overwhelmed or confused by the finances involved is normal. Taina and Marika break down what happens during those initial meetings and why it’s important to put a full financial plan in place early on.
6:40 – Blindsided by separation versus what is realistic: making those big financial decisions, for example, do you know if you can afford to keep the family home long-term? Cashflow modelling can help untangle the options to put these big decisions into perspective so you can forecast your finances.
13:30 – Being in control and finding the best route for you: with heightened emotions it’s key to be confident and pragmatic about the future and what’s affordable. The decisions made during the divorce process are life-changing and have long lasting consequences.
Helping our clients and their families through tough life-changing events is at the heart of what we do at Tilney. If you’d like to talk about your specific circumstances and find out how we can help, please do get in touch. Give us a call on 020 7189 2400 to find out more or book an appointment for a free initial consultation.
This podcast is solely for your information, it shouldn't be construed as financial advice.
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If you have any feedback about the podcast or ideas for future episodes, we would love to hear from you. You can get in touch by emailing firstname.lastname@example.org or calling us on 020 3811 3625.
This article was previously published on Tilney prior to the launch of Evelyn Partners.